Bitcoin CME Gap Analysis: Breakout or Break Down?

Added: 2026-05-17

[00:00:00]The spot price at Coinbase looks a little different and we have broken up through the potential bear flag and we're right at the 200 period moving average here on the day chart. You can see how important that level is to the market and I guess and I suppose a break in a close above that 200 period on the spot price at Coinbase will probably propel the market up to the next level and as I said it's probably into that green blob up into the 90s. If this all fails over here underneath the 200 period moving average, I think we're going down. The bear flag might be confirmed and that might mean we have to move down into the low 50s and even into the 40s. I think that's the least likely scenario though and I'm still holding my longs. Click the join button now to become part of the Arca FX trading community. Together we'll help you navigate the most exciting and profitable markets in the world.